Sailfish Reports Q3 2025 Results

Executive Summary

• Sailfish Royalty Corp. reported Q3 2025 revenue of $879,473 and net income of $1.72 million for the quarter, a material improvement over the prior year.
• The company entered into a binding term sheet with Mako Mining Corp. to acquire a five‑year gold stream and a 2% NSR royalty on the Mt. Hamilton Gold‑Silver Project in Nevada.
• Sailfish repurchased 631,100 common shares under its normal course issuer bid and declared quarterly dividends of $0.0125 per share.

Key Details

• Revenue & Profitability – Q3 2025 revenue: $879,473 (up from $730,024 YoY); gross profit: $764,206; net income: $1,724,494. Nine‑month totals: revenue $2,179,871; gross profit $2,014,024; net income $1,834,093.
• Royalty & Stream Production – Gold ounces earned: 25 (Q3) / 51 (nine months); Silver ounces earned: 9,329 (Q3) / 11,002 (nine months).
• Dividend Activity – Quarterly dividend of $0.0125 per share paid on April 15, July 15 and October 15 2025; post‑quarter cash dividend payment of $633,053 accompanied by issuance of 310,034 shares under the dividend reinvestment plan.
• Share Repurchase – Cancelled 631,100 common shares under the normal course issuer bid for the nine months ended September 30 2025 (compared with 1,347,800 repurchased in the same period FY 2024).
• Acquisition Term Sheet – Binding term sheet dated September 29 2025 with Mako Mining Corp. to acquire:
• A five‑year gold stream on the Mt. Hamilton Gold‑Silver Project (White Pine County, Nevada)
• A subsequent 2% Net Smelter Return (NSR) royalty on the same project
• Management Contact – Paolo Lostritto, CEO; Bryan McKenzie, CFO.

Notable Quotes

(No direct quotes were provided in the release.)